"We have not met a financial sponsor with Element's depth of knowledge in the water markets. They have years of experience investing in water companies, and the experience shows. They understand that building a water business requires a different set of capabilities, a different capital structure, and a lot of patience."

Quench USA

Quench is the largest independent marketer, distributor, and owner of Point-Of-Use (â€œPOUâ€) bottle-less water purification and dispensing systems in the United States. The Company's POU coolers are an alternative to traditional bottled water coolers. Bottle-less coolers utilize carbon block filtration and ultraviolet technologies to provide higher-quality and more environmentally friendly water. In October of 2014, Element helped to lead the merger of Quench USA and Seven Seas water. The combined businesses formed AquaVenture Holdings, which began trading on the New York Stock Exchange in October of 2016. Aquaventure Holdings trades on the NYSE under the ticker WAAS.